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Risk-to-Price Commentary: Adobe Systems Inc. And Oracle Corp. Dec 11
Standard & Poors, Dec 2011
Abstract
For the first time in more than two years, Oracle Corp.'s fiscal quarterly profit failed to beat the S&P Capital IQ consensus estimate. The company said that a lengthier approval process held up deals that would have normally closed in the quarter. Co-President Safra Catz explained in a conference call that some customers had to get last-minute CEO approval before placing an order, a wrinkle Oracle said it understands, and has procedures in place to account for this extra step. On the positive side, customers did not indicate they were cutting their budgets for tech spending. 'I think we'll have a much more normal next quarter,' Catz said. Oracle posted a fiscal second-quarter profit of $0.54 per share, up 6%...
Companies mentioned in this report are: CA Technologies,Oracle Corp.,Microsoft Corp.,BMC Software Inc.,Symantec Corp.,Intuit Inc.,Adobe Systems Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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